Bailout Skeptics Skeptical

Updated on: September 23, 2008 / 12:17 PM
/ The Politico

The Skeptics Caucus, which had its inaugural meeting yesterday, is now circulating a letter laying out what exactly makes them skeptical of the bailout and how they'd like to see it fixed. The group is so far a handful of rank-and-file Democrats, for the most part. They're concerned about how the bailout would be paid for, whether taxpayers will get ripped off, oversight and homeowner protection, among other things. Rep. Brad Sherman (D-Calif.) is taking the lead.